Sands China President said that the US gaming operators has been reducing its number of employees by not renewing the employment contracts of some of them when they expire.
Business
Joint Announcement of People’s Bank of China, Hong Kong Monetary Authority, and Monetary Authority of Macao on Launch of Cross-boundary Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay Area
Local telecom operator CTM CEO Vandy Poon Fuk Hei said on Monday that his company was ready to launch its 5G service as soon as the government issues the operating licence.
SJM executive-cum-lawmaker Angela Leong On Kei clarified the situation of one of her five children in a Chinese-language statement published in Macao on Sunday.
The economic impact of COVID-19 pushed up Macao residents’ unemployment rate by 0.3 percentage points to 3.4% between March and May from the February–April survey period.
The funeral of Macao gaming magnate Stanley Ho Hung Sun will be held in Hong Kong on July 10.
Macao’s top telecom operator CTM reported a net profit of MOP 1.01 billion last year, a 7% year-on-year increase.
The Economist Intelligence Unit (EIU) forecasts a 69.8% contraction of Macao’s economy in 2020, which should only recover to pre-crisis levels in late 2021.
The installation of a 5G network for full outdoor coverage will be completed at the end of this month and introduce a string of new technologies.